Timberwolves Sign Veteran PG Mike Conley to 2-Year, $21 Million Extension

Mike Conley at the ESPY Awards in 2017
Mike Conley at the ESPY Awards in 2017. Photo by Stewart Cook/Shutterstock (8957355is)

The Minnesota Timberwolves are showing appreciation to veteran point guard Mike Conley for his contribution to their surprisingly positive 2023-24 NBA campaign. According to Adrian Wojnarowski of ESPN, the Wolves have signed Conley to a two-year extension.

The extension, confirmed by Conley’s agents Steven Heumann and Jess Holtz, comes with a value of $21 million. Conley was in the final year of his contract, which earns him $23.36 million in 2023-24.

Since coming to Minnesota midway through the 2022-23 NBA season, Conley played a significant role in turning around the Wolves’ fortunes. He provided veteran leadership in the locker room while also being a contributor on the floor.

Conley’s impact has been particularly evident this season, as he played a significant role in a 39-16 start that sees the Wolves sitting at the top of the Western Conference. He is currently averaging 10.6 points, 2.9 rebounds, and 6.4 assists per game while shooting a career-best 44.2% from behind the three-point line.

Before joining the Timberwolves, Conley spent 12 seasons with the Memphis Grizzlies and three-and-a-half seasons with the Jazz. Throughout his NBA career, Conley earned one All-Star nod in 2021, while receiving NBA Teammate of the Year honors in 2019 and being recipient of the NBA Sportsmanship Award four times.